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Straightening the relations

“Labor is prior to, and independent of, capital.  Capital is only the fruit of labor, and could never have existed if labor had not first existed.  Labor is the superior of capital, and deserves much the higher consideration.  Capital has its rights, which are as worthy of protection as any other rights.  Nor is it denied that there is, and probably always will be, a relation between labor and capital, producing mutual benefits.  The error is in assuming that the whole labor of community exists within that relation.” – Abraham Lincoln, “Annual Message to Congress,” December 3, 1861

Published inAbraham LincolnAmerican Civil WarEconomicsLit & CritPolitics & Law

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